After the sale of SAA to Takatso fell through last week, Professor John Lamola, SAA’s Interim CEO, penned an open letter published on Business Day stating that the termination of the deal would not compromise the carrier’s financial position or its operational objectives.
“Since we restarted operations in September 2021, we have had staff in more than 12 countries, are attracting customers from a wide variety of geographies, and deal with suppliers and financial counterparties from multiple jurisdictions. Besides, as the flag carrier, SAA is a national brand that is close to citizens’ hearts. Considering this public corporate profile, we understand the interest and commentaries that have followed the recent announcement that negotiations between the state and Takatso Aviation on the partial privatisation and recapitalisation of SAA have been terminated,” said Lamola.
Lamola goes on to say that much of the negativity surrounding the scrapped sale has been “accompanied…